Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1887-12-28
staunton Markets.
SPECTATOR OFFICE,
4faunfon Va Dec q 1857.

StauntOn. Va. Dec. n, 1851
The produce markets are always nominal
during the holiday week. Continued frmness
will carry over the tate Of feeling from the old
t, the new year in all the staple crops.
Corn, which is always affected by wheat.
has advanced, and this remark applies az
we'll to rye, OATS millfeed and bran.
The visible supply of wheat in the United
States and Canada last week was 43240.44
bushels, against 81 400 $50 same time last year.
Corn was 8,4l95OO bushels less than at the
same time asst year.
As every question affecting the grain mark
cts, either at home abroad, is of direct inter-
EST to our producers and dealers there Is no
necessity for explanation when introducing
such matters In our trade-review.
The producers Of grain in the West. appear
to have flanked the gamblers Of the larger
sittt 8 in great measure, through the co-opers.
tion of Local and legitimate dealers. 1t has
been accomplished by means OF elevators
which are now to be found q almost every
railroad station in the wheat belts Of the West
and Northwest.
The New York Bulletiy, concludes some COM
ments on the inability of Chicago and New
York and other grain centers to control the
grain trade as follows:-
"The reason is plain enough but only those
q the trade are aware OF the extent to which
he building of country elevators has been
With 10 QUO to 50 GOO bushels capacity '' have
sprung up along the line Of every railroad in
me Northwest. at every point Where there is
elevators the farmers bring their grain as soon
as harvested, instead of crtbbinK it on the
farm as formerly, and the elevator men are
bic to borrow money from their local banks
N the grain thus carried In these elevators al
most as cheaply as the carriers can here at the
East while the cost of storage, interest on
real esta te and insurance arc but small part
of what they are In the comm ercial centres.-
At Nc per month per bushel these country
wheat; while in New York, Chicago and tts
other speculative centres he carriers charge
about l11c. on wheat. 10 on crn and ~. on
oats. There are already In operation 700 OF
wheat sections, of which the majority are in
the North " est and of this number about 100
nave been built the past wear Taxing 700 ele-.
these country elevators have q total OF p 000.-
900 bushels which is half the average visible
supply of wheat held In the primary and
secondary markets."
We have frequently urged the building OF an
elevator at staunton, the benefits of which
would be realized here az the same facilities
for handling crops secure them to Western pro-
ducers, adding that to all enumerated above,
the farmer could sell and deliver any day or
hour he might prefer-aud that Is a considera-
ion of no small value, of which we have q
h me Illustration. About this time last year
wheat was advancing in price as 1t is now, and
for a few days sold Ia the Staunton market at
80 cents. The careful observer could see that
there would be a falling off in quotations., and
many farmers, willing and anxious to sell
then c. uld not make an immediate delivery.
and afterwards had to be con emit with less
for it declined in a few days. With an eleva.
tor and their crops in 1t, an immediate delive-